Time Tracking Your Employees. Is It Necessary?
There are sayings in every language insisting on the importance of time. It's the most precious commodity every business has, regardless of its size or industry. Forty hours a week per employee is at your disposal, and success or failure hinges upon how efficiently that time is used.
Time tracking is often seen as a way to micromanage employees, as they may likely feel demotivated after being asked to constantly report their activities for the day. But this is not the purpose of time tracking. In reality, businesses track time as a means to measure and increase productivity, leading to evaluations in the performance for all employees.
Time Tracking tools like Archarina’s ArcTimeTracking offers that and more.
The Benefits of Time Tracking
Time tracking precisely identifies the time needed to effectively complete a task at hand and monitors whether people are on top of their productivity. The expectation and priorities for employees are set, and it helps them to organize and manage their time more efficiently.
Identifying the difficulties in tasks and evaluating employees' performance are other benefits of having an effective timer tracking in place. Employees can recognize their huddles, and management can identify whether or not to allocate more resources for the task versus outsourcing.
Time tracking also helps with employee development. Employees' dedication and productivity can be tracked, and improvising measures can be identified with a time tracking practices in place. Time tracking tools provide actionable data to show which employees work less than actual hours and who continuously works overtime. When employees work overtime, they are either burdened with overload, or they are inefficient.
Identifying employee inefficiencies and course-correcting them with training is vitally important. Likewise, sorting your workload to employees based on their strengths and weakness is efficient team management, and time tracking can doubly help in this regard.
Tracking time after or during project planning allows you to notate productivity blockers, the status of individual tasks, or any underlying performance issues. With a workflow, the priorities are aligned, and allocating resources and budget becomes more efficient.
Time tracking also helps in disaster management. As the projects are closely tracked, there are no chances of going over the allocated time and budget for a particular project.
Planning a project in terms of budget, workforce, resources, and time increases the ROI of the project. Proper tools to manage time tracking benefit the project at hand and better help you to plan future budgets more accurately.
Time tracking tools like Archarina’s ArcTimeTracking come pre-equipped with project planning templates to track a project's time more efficiently. Compare the planned and actuals of a project in real-time, with better tools to keep the project on track.
Time wasted or spent ineffectively affects your profits. Time tracking helps identify bottlenecks due to poor work prioritization and/or tasking employees with the wrong skillsets for a particular task.
Productivity killers, such as an outdated system, or a time-consuming process in the workflow, can be identified with time tracking. Modern day time tracking applications like Archarina’s ArcTimeTracking can integrate well with other end-to-end office management tools and help business set a perfect workflow.
Accurate Proposals and Billing
Time tracking is essential if you are billing your service based on time or project. On the other hand, when you track time for freelancers, you will have a better understanding of the time spent per project, along with the time-to-money ratio.
Archarina’s ArcTimeTracking equips businesses with the tools they need for precise time-billing and accurate proposal creation templates.
Enhanced Individual and Self-assessment
Time tracking is one of the first tools entrepreneurs and small business owners should consider adding to their business management tools. For solopreneurs, tracking your own time and analyzing your time spent towards important tasks is critical. Small businesses with a minimal work force cannot afford to lose time.
Utilize your time in the best possible way
Time tracking is all about enhancing the quality of work and life for employees. Archarina’s ArcTimeTracking tool makes life easier for management and employee alike, paying a dividends in no time.